6 Best Salary Accounts In India

All working individuals including private, public sector companies have a salary account where monthly salary will be credited by the employer.

Usually, the corporates where you are working will have a tie-up with the bank to provide salary account to its employees. Features and other things vary with the type of salary account depending on the salary your draw.

Many private banks like HDFC have different types of salary account, which differ in features and benefits and depend on your monthly income. Likewise, the debit cards, credit cards and loan offers also differ.

Most of the features and service remain the same with top banks in the country. Here is a list of banks which can be considered as best in terms of salary account:

HDFC Salary Account

For HDFC salary account, there is a free personal accidental death cover of Rs 1 lakh on salary account. In a premium salary account there is free zero balance. There is also a Salary Family Account for your family members.

ICICI Salary Account

ICICI Bank is also registered with PFRDA to offer NPS services, corporate customers. There is a facility of zero liability protection on Debit Card lost card up to Rs 2 lakhs.

Citi Bank

Individuals can avail overdraft up to 5 times of your net monthly salary credit with the Citi Bank Salary Account. One can also redeem reward points for cash. Preferential pricing on Personal Loan and Home Loan is possible, if you are eligible.

SBI salary account

SBI Salary Accounts are customized as a special package for a Corporate/Institutions depending upon the business relationship with the Bank. Personal loans like home loans, auto loans, xpress Credit loans, etc., at attractive terms.

Axis Bank Salary Accout

Like HDFC Bank, Axis has different salary account depending on the monthly income. For priority account, a dedicated Relationship Manager is available for all banking needs. One can enjoy preferential treatment when you walk into Axis branches or when you call the Phone Banking Centre.

Kotak Mahindra Bank

After its merger with INGvysa, Kotak has wide network spread across the country. One can earn higher interest on funds lying idle in a savings account with auto Sweep-In or Sweep-Out facility.

Facility of lost card liability insurance of Rs 2 lakhs is also available. Also personal and home loans at preferred rates are given with reduced processing fee.